Question

Sales of xyz corporation's digital video cameras are rising rapidly, profits are peaking, and competitors are entering the market. xyz is able to maintain its market lead. judging from this example, the digital video camera is in which stage of the product life-cycle?

Answer 1

The answer would be the growth stage. This is the second phase in the product life cycle, and for numerous manufacturers and producers this is the important stage for beginning a product's location in a market, improving profit margins, and increasing sales.